22 June, 2015
The Board of Randall & Quilter (AIM:RQIH), the specialist non-life insurance investor, service provider and underwriting manager, is pleased to announce the Group’s final results for the year ended 31 December 2014.
2014 was a challenging year financially but we remain confident about the prospects and outlook for the Group. Key highlights include:
However, as commented on in the 2014 interim results and subsequent trading updates, the 2014 result was adversely impacted by reserve deterioration in R&Q Re US, the legal costs relating to the recently concluded Syndicate 102 arbitration and weaker than expected trading in the Group’s US service operations.
The Board is proposing a final return of capital in respect of the 2014 financial year of 5.0 pence per share to those shareholders on the register on 28 July 2015, with payments expected to be made on or around 10 August 2015.
This will bring the total for the year to 8.4p per share (2013: 8.4p per share), reflecting our confidence in the Group’s underlying trading and future prospects. There will be no option to receive an income dividend and the return of capital remains subject to the customary approval of the Group’s shareholders at the forthcoming Annual General Meeting.
Randall & Quilter Investment Holdings Ltd. (“R&Q”), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, today announced that its wholly owned subsidiary, R&Q Re (Bermuda) Ltd. (“R&Q Re” or the “Company”), has entered …
Randall & Quilter Investment Holdings Ltd. (‘R&Q’ or ‘the Group’) is pleased to announce that the Oklahoma Insurance Commissioner (‘the Commissioner’) has approved the Insurance Business Transfer (‘IBT’) of a portfolio of Sentry Insurance a Mutual Company (‘Sentry’) reinsurance policies …
Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”), the leading non-life global specialty insurance company, today held the General Meeting referred to in the notice to shareholders of the Company dated 26 October 2020. The resolutions as set out …